Oracle CEO Mark Hurd is taking a leave of absence, saying he needed “to spend time focused on my health.”
Oracle shares fell more than 5% as the company also reported fiscal first quarter results.
Oracle founder Larry Ellison and CEO Safra Catz offered their support to Hurd. Catz said Hurd “extremely engaged with the business through the end of our just completed Q1, but now Mark needs to focus on his health.”
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Oracle CEO Mark Hurd announced Wednesday he is taking a leave of absence saying he needed “to spend time focused on my health.”
Hurd, who shares the CEO post with Safra Catz, said in a statement addressed to “all my friends and colleagues at Oracle” that his request for a medical leave has been granted by the Oracle board.
“Though we all worked hard together to close the first quarter, I’ve decided that I need to spend time focused on my health,” Hurd said.
Oracle shares slipped more than 5% after-hours as the company also reported fiscal first quarter results. Oracle is also set to hold its annual OpenWorld convention in San Francisco next week.
Referring to Oracle founder and chief technology officer Lary …read more
Source:: Businessinsider – Technology